Forecasted

Due to warmer weather being forecasted for Florida, Florida Gas Transmission declared an Overage Alert Day for customers in its market area Monday. The OAD carries 25% tolerance for negative daily imbalances.

With warmer weather forecasted for central Florida and linepack getting lower, Florida Gas Transmission declared an Overage Alert Day for customers in its market area Tuesday. The tolerance for negative daily imbalances was set at 10%.

Based on forecasted markets, available facilities and capacity utilization, Columbia Gas designated Tuesday as a “Critical Day” in Market Areas 21 (southeast New York), 33 and 34 (both southeast Virginia). The pipeline projects that all available capacity to those market areas will be required to meet firm service obligations, leaving zero nonfirm capacity available. Shippers with primary firm rights or secondary priority rights to the affected market areas will not be impacted.

Due to cold temperatures forecasted across its system for the Saturday-Monday period, Algonquin said it anticipates being unable to resolve due-shipper imbalances during this time.

Saying cold weather was forecasted to continue in Florida through Tuesday night and its linepack was lower, Florida Gas Transmission kept an Overage Alert Day issued Sunday for customers in its market area in effect through at least Tuesday, but loosened the tolerance for negative daily imbalances from Monday’s 15% to 20% Tuesday.

Saying cold weather was forecasted to move into central Florida over the weekend, Florida Gas Transmission cautioned customers in its market area Friday to be aware of the potential for issuance of an Overage Alert Day on an upcoming gas day.

With cold weather forecasted in Florida for Wednesday night and Thursday morning, Florida Gas Transmission told market-area customers of the potential for issuance of an Overage Alert Day notice on upcoming gas days.

Profit for exploration and production companies, which has been soaring for the past two years, may fall well short of the 21% forecasted again this year because of rising service costs and lower commodity prices, with shares of natural gas-focused exploration and production companies possibly showing a steep decline over the coming months, an energy analyst said in a new report.

Due to Hurricane Katrina causing many reductions in receipt volumes into its system and 90-degree temperatures being forecasted in Florida, Florida Gas Transmission issued an Overage Alert Day notice for its market area Sunday at 25% tolerance for negative daily imbalances. It tightened the tolerance to 10% Monday as supply problems continued.